SW Umwelttechnik Stoiser & Wolschner AG

euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG
SW Umwelttechnik posts record order books despite difficult trading conditions

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order intake


Klagenfurt, 31 January 2008  -  SW  Umwelttechnik  is  playing  a   key  role  in infrastructure  renewal  in  Central  and  Southeastern Europe  (CSE).  Despite difficult economic conditions, particularly in Hungary and  Romania,  the  group posted excellent order backlog of E44 million (m) at year end  -  almost  double the total on 31 December 2006 (E26m). The broader outlook  is  also  good,  with further infrastructure contracts expected to be won in Romania from   the  summer onwards.

SW Umwelttechnik encountered very strong order intake in Hungary in   the  fourth quarter of 2007, despite the fact that the government   has  scaled  back  public investment in infrastructure due to  budget consolidation  measures.  Contracts were signed for the supply and construction of a new wastewater treatment  plant in south Budapest   (E2.5m)  and  a  shopping  centre  in  Kaposvar  (E1.6m).  SW Umwelttechnik also won orders for flood protection  schemes  worth  a total  of E1.8m for the Szentes  and  Mako  municipalities.  The   group's  investments  in Hungary have given it a very strong cost base as a platform  for  extending  its market leadership there.

In Romania the sharp devaluation of the leu towards the end of last year led  to an increase in  net  finance  cost.  Remeasurement  at   balance  sheet  date  of investments made during the summer gave rise to a considerable book  loss  as  a result of the lower exchange rate. Nevertheless the Romanian expansion  strategy has shown its worth. Capacity utilisation at the new  factory  in  Bucharest  is already ahead of forecast due  to  excellent  order  intake,   particularly  from commercial and industrial customers. Heavy   municipal  investments  in  sewerage systems and roads is expected to get under way once substantial  EU  funding  is released in mid-2008.

SW Umwelttechnik has pressed ahead with  rigorous  restructuring   programmes  in Austria, and turnaround has been achieved.  A   year-on-year  increase  in  order books means that the improvement in the results of the  Austrian  operations  is set to continue.

Thanks to the near-doubling of order backlog to E44m (31  Dec.  2006: E26m)  SW Umwelttechnik is well placed to hit its earnings  targets   for  2008.  Following last year's record E25m capital expenditure, the group is now  concentrating  on improving operating results.

Founded in 1910, SW Umweltechnik remains a family business, though it has  been listed  on  the  Vienna  Stock  Exchange  since  1997.  The company  is  widely identified with sustainable  enterprise  and   rapid  expansion  in  Central  and Southeastern  Europe.  Its   innovative  environmental  technology  products  are contributing to infrastructure  renewal  in  CSE  countries.  SW  Umwelttechnik employs a total of 800 people at 16 sites, and returned revenue  of   over  E100m in 2006.

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ots Originaltext: SW Umwelttechnik Stoiser & Wolschner AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dr. Bernd Wolschner
Member of the Management Board
Tel: +43 (0)7259 31350
Fax: +43 (0)463 37667

Romed Lackner
Investor Relations & Marketing
Tel: +43 (0)664 8117670
Fax: +43 (0)463 37667170
E-mail: romed.lackner@sw-umwelttechnik.com

Website: www.sw-umwelttechnik.com

Branche: Technology
ISIN:      AT0000808209
WKN:        910497
Index:    WBI
Börsen:  Börse Berlin / free trade
              Börse Frankfurt / free trade
              Wiener Börse AG / Regulated free trade

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